Ascendiant Capital Markets Maintains Buy Rating for Knightscope Raises Per Share Price Target to $4.00
January 04 2024 - 9:35AM
Business Wire
Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the
“Company”), a leading developer of autonomous security robots and
blue light emergency communication systems, today announces that
Ascendiant Capital Markets LLC ("Ascendiant") released its latest
report maintaining a buy rating for Knightscope shares and has
revised its price target upward to $4.00 per share from $3.75 per
share.
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the full release here:
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Ascendiant Capital Markets Maintains Buy
Rating for Knightscope Raises Per Share Price Target to $4.00
(Graphic: Business Wire)
Ascendiant has conducted extensive research and analysis
stating, “The company’s solid execution and sales wins drove strong
[Q3] revenue growth. We believe strong growth over the next year
and AI assets to drive stock much higher.”
Ascendiant is an investment banking and equity research firm
focusing on high-growth sectors, with expertise in technology,
healthcare, and other emerging industries. It has not received
compensation for advisory or investment banking services from the
Company in the past 12 months.
“Valuation attractive: We are maintaining our BUY rating,
but raising our 12-month price target to $4.00 from $3.75, based on
a NPV analysis, representing significant upside from the current
share price. We believe this valuation appropriately balances out
the company’s high risks with its high growth prospects and large
upside opportunities.” – Ascendiant
Investors, analysts, and members of the media are encouraged to
review the research report here.
About Knightscope
Knightscope is an advanced public safety technology company that
builds fully autonomous security robots and blue light emergency
communications systems that help protect the places people live,
work, study and visit. Knightscope’s long-term ambition is to make
the United States of America the safest country in the world. Learn
more about us at www.knightscope.com. Follow Knightscope on
Facebook, X (formerly Twitter), LinkedIn and Instagram.
Forward-Looking Statements
This press release may contain “forward-looking statements”
about Knightscope’s future expectations, plans, outlook,
projections and prospects. Such forward-looking statements can be
identified by the use of words such as “should,” “may,” “intends,”
“anticipates,” “believes,” “estimates,” “projects,” “forecasts,”
“expects,” “plans,” “proposes” and similar expressions.
Forward-looking statements contained in this press release and
other communications include, but are not limited to, statements
about executive transitions and the timing thereof, and the
Company’s goals, profitability, and growth. Although Knightscope
believes that the expectations reflected in these forward-looking
statements are based on reasonable assumptions, there are a number
of risks, uncertainties and other important factors that could
cause actual results to differ materially from such forward-looking
statements. These risks and uncertainties include, among other
things, the risk that executive transitions may have greater costs
than anticipated; that executive transitions may adversely affect
the Company’s internal programs and the Company’s ability to
recruit and retain skilled and motivated personnel, and may be
distracting to employees and management; that executive transitions
may negatively impact the Company’s business operations and
reputation with or ability to serve customers; or that executive
transitions may not generate their intended benefits to the extent
or as quickly as anticipated. Readers are urged to carefully review
and consider any cautionary statements and other disclosures,
including the statements made under the heading “Risk Factors” in
Knightscope’s Annual Report on Form 10-K for the year ended
December 31, 2022. Forward-looking statements speak only as of the
date of the document in which they are contained, and Knightscope
does not undertake any duty to update any forward-looking
statements, except as may be required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240104703804/en/
Public Relations: Stacy Stephens Knightscope,
Inc. (650) 924-1025
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